The International Monetary Fund (IMF) says the latest reforms announced by both the Ministry of Finance and Economic Development through SI 142 of 2019 and the Reserve Bank of Zimbabwe through exchange control directive RU102/2019, are welcome as they seek to address economic distortions that have impaired macroeconomic stability. Last week, Government introduced a raft […]

The Reserve Bank of Zimbabwe (RBZ) has dismissed an article circulating on social media on the discontinuation of the use of bond notes. In a statement, RBZ Governor, Dr John Mangudya said the article should be dismissed with the contempt it deserves. “The article is not only misleading but is designed to cause confusion, panic […]

The Minister of Mines and Mining Development, Mr Winston Chitando says diamond mining in Chiadzwa is set to commence within the next six months, with the US$300 000 platinum mining project by Great Dyke Investments of Russia set to start soon in Norton. The two projects are taking off as a result of the signing […]

Government says Zimbabweans should expect reduction of the tax burden by 2021 as Treasury seeks to address challenges that led to the country experiencing fiscal imbalances. The reduction in government spending, tightening of controls on the public sector, downward revision of 2019 economic growth forecast to 3.1 percent, reduction in quasi fiscal activities, separation of […]